The Philippines is one of the biggest importers of Vietnamese rice. Annually, the amount of Vietnam rice export to Philippines is significant. 

Vietnam rice export to Philippines: an overview

Due to the convenience in the geographic distance and stable rice quality, the Philippines has established many supportive policies for Vietnamese rice. Therefore,  Vietnam rice export to Philippines has been increasing.

Impressive figures of Vietnam rice export to Philippines

In the second quarter of 2021, Vietnam rice export to Philippines reached 1.09 million tons, worth 579 million USD, with an average price of 530 USD/MT. In particular, in July 2021, Vietnam rice export to Philippines reached 1.126 million tons, equivalent to 87% of the total Vietnamese rice export in the first six months of 2021.

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Vietnam rice export to Philippines: an overview

Outstanding rice types of Vietnam rice export to Philippines

White rice, jasmine rice, and glutinous rice is three leading products of Vietnam rice export to Philippines.

– 63% of the total Vietnam rice export to Philippines in January 2021 was white rice, with an average price of 438-442 USD/MT.

– Jasmine rice accounted for 21.9% of the total, with an average price of 563-567 USD/MT.

– Glutinous rice is widely favored in the Philippines, with an average price of 500-510 USD/MT.

Main growing areas for Vietnam rice export to Philippines

The Mekong Delta is the largest rice producer of Vietnam rice export to Philippines when this region usually makes up of 52% of the nation’s rice-growing area. Besides, the Red River Delta is another major rice-growing area, providing a stable supply for Vietnam rice export to Philippines. 

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Main growing areas for Vietnam rice export to Philippines

Components of Vietnam rice export to Philippines

The quantity and price of Vietnam rice export to Philippines rely on many factors including rice production, demands, transportation, and policies.

– Rice production plays an important role in Vietnam rice export to Philippines. For example, in the recent autumn-winter rice crop, the Mekong Delta produced 294.9 thousand tons, ensuring the stability of Vietnam rice export to Philippines.

– Demands of the export market also affects directly Vietnam rice export to Philippines. In the first 6 months of 2021, Vietnam rice export to Philippines reached 1.26 million tons, down 11% compared to 2020 since the domestic rice production of the Philippines increased.

– Logistics during the outbreak of Covid-19 has many obstacles, restricting Vietnam rice export to Philippines. The logistic charge increased to 500-1000 USD/container, making the CIF of Vietnam rice export to Philippines dramatically higher.

– Governmental policies among the two countries create many opportunities for Vietnam rice export to Philippines. In particular, a 35% tax rate is applied to Vietnam rice export to Philippines, much lower than to others countries.

Top 3 best suppliers of Vietnam rice export to Philippines

If you are interested in Vietnam rice export to Phillipines, you should consider the three suppliers.

TIGIFOOD

One of the leading suppliers of Vietnam rice export to Philippines is TIGIFOOD, based in Tien Giang province. The main products of Vietnam rice export to Philippines are Jasmine 85, Nang Hoa, certified by BRC, HALAL, etc.

K-Agriculture Factory

K-Agriculture Factory primarily distributes ST rice, Jasmine rice, Japonica rice, etc. for Vietnam rice export to Philippines. The supplier is a trustworthy partners of many customers from the Philippines and other countries.

To get free consultation, don’t hesitate to contact us via:

WhatsApp: +84855555694

Email: info@k-agriculture.com

Gentraco Limited Company

With a production capacity of 2500 tons/day, Gentraco is a big supplier of Vietnam rice export to Philippines. The product quality and customer service from Gentraco is highly rated by Filipino importers.